Princeton Forrestal Village racked up a win over Newark as
the place to be, if you don’t need to be in New York. A
Pittsburgh-based law firm, Reed Smith, is closing its
Newark office next year, giving its attorneys the choice
of working in Princeton or New York. It seems that the
Newark office failed to attract recruits.
Four Newark-based partners have chosen to move to the
Princeton office; with 57 lawyers, Princeton has the
firm’s life sciences and product liability groups.
Overall, Reed Smith has 1,100 lawyers in 14 United States
offices and four in Europe.
According to the New Jersey Law Journal, the Newark
location "is situated in an urban ambience inferior to New
York’s. And those seeking the quality of life of a
suburban practice are much more drawn to the Princeton
office, nested in a Plainsboro office park."
Reed Smith LLP, 136 Main Street, Suite 250, Princeton
Forrestal Village, Princeton 08540-5799; 609-987-0050;
fax, 609-951-0824. Steven J. Picco, managing partner.
Mathews, Shepherd, McKay & Bruneau, 29 Thanet Drive,
Princeton 08540-3674; 609-924-8555; fax, 609-924-3036.
Robert G. Shepherd, managing partner. www.mathewslaw.com
An intellectual property law firm is the first tenant in
the 50,000-foot building vacated by Institute for Defense
Analyses. Mathews, Shepherd, McKay & Bruneau moved from
9,000 square feet at 100 Thanet Circle to 7,500 square
feet at 29 Thanet Drive.
Tom Romano of GVA Williams represented the landlord, and
Bill Barish of Commercial Property Network negotiated on
the law firm’s behalf. Owned by GHP Properties, the
renovated building was designed by Hillier architects.
Focusing on patents, trademarks, copyrights, trade
secrets, Internet law, author-publisher agreements,
licensing and litigation, the firm was founded in 1980 and
has nine attorneys.
Bonanni Realtors, 85 Route 33, Mercerville 08619;
609-586-4300; fax, 609-588-9468. David L. Bonanni,
Bonanni Realtors has opened a second office at 551 Route
72, Manahawkin, to lease and sell commercial and
industrial property in Ocean County and Long Beach Island.
Currently the 50-year-old firm also serves Burlington,
Hunterdon, Monmouth, Atlantic, and Cape May counties.
Recently licensed in Pennsylvania, it will soon sell
properties in Bucks County.
Mercer Oak Realty LLC, 993 Lenox Drive, Suite 200,
Lawrenceville 08648; 609-452-0200; fax, 609-452-7878. Sab
Russo and Aubrey Haines. www.merceroakrealty.com
Sab Russo moved from CB Richard Ellis to join Aubrey
Haines and is now a partner with Haines in Mercer Oak
Realty. The firm moved from Mount Laurel to Lenox Drive,
and one of its major clients is Opus East, which is
building Princeton South Corporate Center in Ewing, the
property formerly owned by Bloomberg.
"Our focus is to do larger transactions," says Russo,
"large companies headquartered here that need a high level
of service in this market, and mid size companies without
real estate departments. We are not competing against the
national firms that do multimarket firms."
There is a real void of credible class A office projects
along that corridor, says Russo. "For years brokers have
been fond of saying the center of gravity shifted, and we
are proving that it has. They have documented that 65
percent of those who work at the Carnegie Center live in
Pennsylvania, and our project is the last stop that can
keep a business in New Jersey."
Preferred Real Estate Investments Inc., 1001 East Hector
Street, Suite 100, Conshohocken PA 19428; 610-834-1969;
fax, 610-834-7593. Larry Doyle, director. Home page:
Preferred Real Estate Investments Inc., having sold its
American Metro property, closed its offices at 134
Franklin Corner Road, though the telephone (609-912-1144)
still works and is being answered at the firm’s
Conshohocken headquarters. The company owns the former
Rhone Poulenc campus, now called Mid-Atlantic Corporate
Lawrenceville Main Street, 17 Phillips Avenue,
Lawrenceville 08648; 609-219-9300; fax, 609-219-9301.
Ann Garwig, the founder of the nonprofit civic improvement
organization known as Lawrenceville Main Street, will
retire from the executive position there on November 2.
Buz Donnelly, board president, has appointed a transition
team. Garwig mustered the services of volunteers to build
the organization over a 10-year-period.